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Economy May 11, 2026

Modi Urges Indians to Cut Travel, Gold Purchases Amid Iran War’s FX Strain

Prime Minister Narendra Modi appealed to Indians to work from home, limit overseas travel and pause…
Narendra Modi appealed to Indians on Sunday in Hyderabad to work from home, limit overseas travel and pause gold purchases, citing the fallout from the United States‑Israeli war on Iran that has spiked global energy prices and eroded India’s foreign‑exchange reserves.The Call for Home‑Based Work and Travel CurtailmentDuring a public event, Modi outlined a set of lifestyle adjustments intended to conserve foreign exchange:Shift to online meetings and a work‑from‑home model.Prioritise public transport, car‑pooling and reduced fuel consumption.Cut household cooking‑oil use, framing it as both healthy and patriotic.Ask farmers to halve fertiliser usage.Temporarily halt gold purchases.Restrict non‑essential overseas travel for at least one year.Quantifying the Economic Shock: Oil, Gold, and FX ReservesKey figures illustrate the scale of the pressure on India’s balance of payments:Brent crude rose from $72.87 on 27 Feb to $105.45 in early May – an increase of roughly 50%.India’s foreign‑exchange reserves fell to $690.69 bn on 1 May, down $7.79 bn (≈1.12%) from the end of March and $37.81 bn lower than pre‑war levels of $728.5 bn.Oil imports totalled $123 bn in FY 2024‑25, the single largest line item in the import budget.Gold imports ranked second globally at $72 bn for FY 2025‑26.Travel‑related outflows reached $31.7 bn in 2023‑24, with 30.9 million Indians travelling abroad in 2024.India imported about 10 million tonnes of urea, the world’s most traded fertiliser.Why India’s Economy Faces a TightropeIndia’s import profile makes the foreign‑exchange squeeze acute. Oil and fertiliser purchases are hard‑to‑reduce because they underpin industrial activity and food security, while gold and outbound tourism are discretionary yet sizable drains on reserves. The International Monetary Fund projects a current‑account deficit of $84 bn in 2026, indicating that outflows exceed inflows.What Comes Next: Potential Policy Shifts and Public ResponseModi’s appeal may translate into short‑term regulatory measures such as tighter customs scrutiny on gold, higher duties on non‑essential travel, and incentives for domestic fuel‑saving practices. The effectiveness of these steps will depend on public compliance and the trajectory of oil prices, which remain linked to the evolving Iran conflict. Analysts expect the government to monitor reserve levels closely and adjust fiscal levers if the war‑driven price shock persists.
#Narendra Modi #Iran war #India foreign exchange reserves
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Entertainment May 11, 2026

Michael Pennington, Shakespeare and Star Wars actor, dies aged 82

The actor Michael Pennington, known for his Shakespearean work and his role in the original Star Wa…
The Life and Legacy of Michael Pennington The actor Michael Pennington, known for his Shakespearean work and his role in the original Star Wars trilogy, has died aged 82, his agent has said. Shakespearean Career and Achievements Pennington, who is listed as an honorary associate artist with the Royal Shakespeare Company, also founded and ran the English Shakespeare Company alongside the theatre director Michael Bogdanov. He played Hamlet, Mercutio and Macbeth, as well as King Lear, Richard II and Henry V. He appeared as Coriolanus, Timon of Athens, Angelo, Leontes and Jack Cade across a 60-year career. He directed Twelfth Night in the UK, Tokyo and Chicago and the Hamlet Project for the National Theatre Bucharest. Tributes and Reflections His fellow actor Miriam Margolyes remembered him as an “old friend, from Cambridge days, a very fine actor, brilliant, wise, clear”. She said: “I am sad beyond measure,” adding: “Bless your dear memory, old chum.” Giving the 2004 British Academy Shakespeare lecture, Pennington described how he had first developed a fascination with the playwright’s work. “Like trying to establish the moment when one first stood up and walked, it is hard for many of us to remember when Shakespeare first entered our lives; but my own memory is extremely precise. Shakespearean verse hit me like a hammer when I was 11. Impact on Theatre and Film Pennington had a long-running association with Bogdanov, who cast him as the lead in Seán O’Casey’s The Shadow of a Gunman in 1980, and in Tolstoy’s Strider: The Story of a Horse, three years later. He worked with Dame Judi Dench and her husband, Michael Williams, starring in King Lear together in the 1970s, among other productions. Alongside his stage work, Pennington appeared in more than 70 onscreen productions – including the third instalment in the original Star Wars trilogy, Return of the Jedi, as the Death Star commander Moff Jerjerrod. Cause of Death and Final Tribute Pennington’s agent, Lesley Duff, said: “After a long and wonderful life and career, Michael Pennington died peacefully in the early hours of Thursday 7 May at Denville Hall.”
#Michael Pennington #Shakespeare #Star Wars
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Environment May 11, 2026

Sharp drop in 'forever chemicals' in seabird eggs hailed as win for regulation

Levels of dangerous Pfas compounds have dramatically fallen in Canadian seabird eggs, illustrating …
The Lead Levels of some of the most dangerous Pfas compounds have dramatically fallen in Canadian seabird eggs, which the authors of a new peer-reviewed study say illustrates how regulations are effective. The Event Details Researchers looked at Pfas levels in the eggs of northern gannets in the St Lawrence Seaway basin over a 55-year period. Pfas levels shot up from the 1960s through the peak of the chemicals’ use in the late 1990s and early aughts, then fell. The fall coincides with several developments – facing regulatory scrutiny, the chemical giant 3M, which is one of the largest producers of Pfas, began moving away from Pfos, among its most common and toxic compounds. By 2015, major chemical makers reached an agreement with the US Environment Protection Agency to phase out Pfos and Pfoa, the latter a similarly problematic compound. The Data Analysis Data shows the levels of Pfos fell from a peak level in the eggs of 100 parts per billion (ppb) to a level of 26ppb by 2024, a 74% drop. Levels of Pfoa are down about 40% over this time, though they ticked back up in recent years. Meanwhile, PFHxS, another common, toxic Pfas compound fell from 0.69 to 0.19ppb, or about 72%. The Impact Analysis Pfas are a class of at least 16,000 chemicals commonly used to make products resist water, stains and heat. They are called “forever chemicals” because they do not naturally break down, and they are linked to a range of health issues such as cancer, thyroid disease, kidney problems and decreased immunity. Raphael Lavoie, a co-author and ecotoxicologist with Environment and Climate Change Canada, called the findings “good news”. “We see this incredible rise to a peak where concentrations seem to be higher than toxicological threshold for those birds, then it really decreases in a nice way,” Lavoie said. “The regulations are having a good effect.” The Prediction However, it is not all good news. The chemical makers moved to a newer generation of smaller Pfas, and those also present risks to the environment and wildlife. The levels of those compounds have probably grown, and the study found one example of a shift, but the new Pfas are more difficult to measure in bird eggs because they do not accumulate in wildlife as much, Lavoie said. Moreover, compounds such as Pfos stay in the environment or animals’ bodies for decades, so the birds and environment will remain contaminated for the foreseeable future, which the authors wrote “emphasizes the importance of maintaining scientific and regulatory vigilance”.
#Pfas #seabird eggs #regulation
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Health May 11, 2026

Hantavirus Outbreak on Cruise Ship: Evacuations Underway and Investigation Continues

A hantavirus outbreak on the MV Hondius cruise ship has led to evacuations, with at least eight peo…
The Hantavirus Outbreak on the Cruise Ship A United States citizen who was on the hantavirus-hit MV Hondius cruise ship is the latest to test positive for the virus while a French traveller has developed symptoms as the ship is being evacuated and passengers are returning to their home countries. Evacuations and Testing Passengers began flying home on military and government planes after the ship anchored near Tenerife, the largest of Spain’s Canary Islands, on Sunday. At least eight people who were on board the ship had earlier been confirmed or were suspected of having contracted the hantavirus. Three people have died while at least one person is in intensive care. The Investigation into the Outbreak Health officials are racing to determine where and how the outbreak may have started. The trail has led investigators to Argentina, from which the MV Hondius departed on April 1. The current outbreak is linked to the Andes strain, which is endemic in rural parts of South America. It is the only form known to spread between humans. Possible Sources of the Virus Local media in Argentina reported that the couple had visited a landfill site in Ushuaia, a popular tourist spot in southern Argentina’s Patagonia region, in search of a rare bird. There has been speculation that one person in the couple could have been exposed to rodent droppings there. However, local health officials in Ushuaia said this is unlikely, telling reporters that the area has not recorded a hantavirus case since 1996. The Impact on Passengers and Crew Planes flying out of Tenerife carried passengers from more than 20 countries. Spanish passengers were the first to be evacuated to a military hospital in Madrid while Norway sent an ambulance plane for its citizens. At least one of the 17 American passengers evacuated has tested positive for the virus but was not showing symptoms, US health officials said.
#Hantavirus #Cruise Ship #Spain
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Economy May 11, 2026

Researchers Find 42% Drop in Canadian Visits to U.S. Metro Areas Amid Trump 2.0

A University of Toronto research tool tracking cell‑phone activity shows a 42% year‑over‑year fall …
Researchers Unveil 42% Drop in Canadian Visits to U.S. CitiesA new cell‑phone tracking tool developed by the University of Toronto reveals a median year‑over‑year decline of roughly 42% in Canadian trips to U.S. metropolitan areas between 1 April 2024 and 31 March 2026. The figure dwarfs the ~25% dip recorded by official border‑crossing data, suggesting Canadians are avoiding U.S. urban centres under the second Trump administration.Methodology and Scope of the Cell‑Phone Tracking StudyThe researchers analyzed anonymised device‑level location data to count Canadian‑registered phones entering U.S. metro zones. The period covered two full years, capturing both leisure and business travel, as well as freight‑related movements that traditional border counts miss.Quantifying the 42% Decline vs Official 25% Border‑Crossing Figures42% median drop in Canadian visits to U.S. metros (cell‑phone data).~25% decline reported by government border statistics for the same period.Official Canadian‑resident return trips from the U.S. fell 25% in 2025.U.S.‑resident trips to Canada slipped 7.5% in 2025.The discrepancy is partly attributed to the tool’s ability to capture freight traffic and temporary residents who may have returned to Canada.Economic Ripple Effects on U.S. Border Towns and Tourist HubsBorder‑town economies that rely on Canadian shoppers are feeling the pinch, as are major tourist destinations such as Las Vegas, Walt Disney World, and winter recreation areas in Florida. High‑tech and financial centres like San Francisco and Houston also reported reduced business‑related travel, reflecting broader economic uncertainty.Specific city impacts highlighted by the study include:Grand Rapids, Michigan – noted for its auto‑industry links with Ontario, saw a sharp decline.New York, New Hampshire, Vermont – all experienced notable visitor drops.Potential Trajectory of Canada‑U.S. Travel Under Ongoing Tariff and Enforcement PoliciesIf heightened tariffs, immigration enforcement operations, and political rhetoric continue, the researchers expect the travel gap to widen. They warn that reduced cross‑border tourism could further strain U.S. border‑town revenues and diminish bilateral business exchanges.Monitoring cell‑phone mobility trends will provide a more granular view of future shifts than traditional border counts, offering policymakers a real‑time gauge of the economic fallout from trade and immigration policies.
#University of Toronto #Donald Trump #Canadian tourism
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Economy May 11, 2026

UK Thinktank Urges 'Double Lock' Rent Cap to Ease Living Costs

The Institute for Public Policy Research (IPPR) is calling for a 'double lock' rent cap in England,…
The Call for Rent Controls The Institute for Public Policy Research (IPPR), a thinktank close to the Labour government, is urging ministers to introduce private sector rent controls in England to ease the surge in living costs caused by the Iran war. The Proposed 'Double Lock' Rent Cap The IPPR has published a paper calling for a rent 'double lock', which would link rent increases to either wages or inflation, depending on which was lower. This would also apply to new tenants moving into a property. The proposed cap would be based on the 12-month average of either consumer price inflation or wage growth, whichever is lower. Any new building would be exempted from the cap for the first 10 years to encourage developers to continue building new homes. A landlord who has done extensive work on their property would also be allowed to raise rents beyond the cap. The Financial Impact The IPPR has calculated that 2.4 million people in the UK now have unaffordable rents, meaning it costs more than 30% of their gross income. This number is expected to rise by another 340,000 by the end of the decade. The thinktank's plan would also involve increasing housing benefit to cover the cheapest 30% of rents, costing an additional £600m a year. The Impact Analysis The proposed rent cap aims to help millions of people struggling with unaffordable housing costs. The IPPR's extensive links inside government will increase pressure on ministers to include the idea in a cost of living package to be announced by Rachel Reeves later in May. The Prediction If implemented, the 'double lock' rent cap could help keep housing costs low and reduce the number of people struggling with unaffordable rents. However, academics have noted that rent controls can have mixed success, and rents on properties not covered by the cap may rise more quickly than they otherwise would have done.
#Institute for Public Policy Research #Rachel Reeves #England
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Entertainment May 11, 2026

Angine de Poitrine's Hypnotic UK Debut

Quebec duo Angine de Poitrine made their UK debut, bringing their unique blend of math rock, prog r…
The Electrifying Stage Presence of Angine de Poitrine Quebec duo Angine de Poitrine recently made their UK debut, and it was an event to remember. The band, known for their outrageous polka dot outfits and oversized headpieces, brought their unique sound to a sold-out crowd. The stage, drum kit, and even some fans were adorned with polka dots, creating a visually stunning experience. A Musical Mashup Like No Other Angine de Poitrine's music is a weirdly hypnotic blend of math rock, prog rock, punk, and microtonal loops. Their sound is characterized by jerkily repetitive rhythms, twiddly guitar bits, and occasional mechanical “wooo” or “oggy oggy oggy” emissions. The result is a truly extraterrestrial hard rock experience. The Impact of Their Live Performance The band's live show is a testament to their fearsome musicianship and infectious energy. The audience was completely entranced, with many fans participating in matching pyramid shapes with their hands and bouncing up and down in unison. The performance culminated in a frenzied climax, leaving everyone with huge grins on their faces and a tiny pyramid in their heart. What's Next for Angine de Poitrine? Angine de Poitrine's UK debut was a huge success, with several bigger shows already sold out for this autumn. Fans can look forward to more of their unique sound and outrageous style in the coming months. The band's website has a list of upcoming tour dates.
#Angine de Poitrine #Music #UK Debut
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Entertainment May 11, 2026

Super Furry Animals' Stirring Reunion Showcases Immaculate Songcraft

After a decade-long hiatus, Super Furry Animals return to the stage with a stirring performance tha…
The Triumphant ReturnIn the gloom of an underlit Barrowlands stage, a man in black is holding a large inflatable phone to his ear and chanting these words: "SFA OK. SFA OK." The man is Gruff Rhys. The band is Super Furry Animals. And the song, Wherever I Lay My Phone (That's My Home), allows them to reintroduce themselves at this, their second gig after 10 years away.Not that they need much introducing. This Glasgow date sold out fast, mostly thanks to fans – going by the age of the crowd – who loved them first time around. Signed to Creation, the label flush with Oasis money, they came to prominence in the mid-90s goldrush.The Britpop OutsidersAlan McGee thought he had found his own version of Blur, but their Welshness and weirdness put them at odds with Britpop orthodoxy. That madcap reputation has tended to obscure what they really are: a formidable songwriting force.Confirmation of their immense skill and range comes when they perform Run! Christian, Run! followed by Juxtapozed with U. The former is 70s-style country rock, the latter an immaculately crafted soul tune. Both are wonderful.The Vocal MasteryIt doesn't get said enough that Rhys is a beautiful singer. Live performance makes this clear. His voice is essentially mournful, but the songs are so sweet with melody that the impression is of Eeyore transcendent – becoming Tigger through the transforming power of pop.He's not much of a showman. Likewise the rest of the band. Mostly they let the songs sell themselves. Yet they have their moments. At the noisy climax of Receptacle for the Respectable, Rhys, Huw Bunford and Guto Pryce gather centre stage, guitars aloft, and press the necks together. It's a bit Status Quo, a bit rutting giraffe, more than a bit thrilling.The Epic PerformanceAs the two-hour show builds to its peak, they lean into epics: Mountain People, Slow Life and, of course, traditional set-closer The Man Don't Give A Fuck, extended tonight to 12 minutes. A singalong protest song against whatever evils of the world you want it to be about, it has lost none of its cathartic anger and vulgar cheer.The Road AheadThe Super Furry Animals have announced additional dates following their successful Glasgow return. Fans can catch them at Venue Cymru, Llandudno, 14 and 15 May; before they continue touring the UK. This reunion not only satisfies longtime fans but also introduces a new generation to their unique musical blend that defies easy categorization.
#Super Furry Animals #Gruff Rhys #Music Review
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Entertainment May 11, 2026

Martin Short Opens Up About Daughter's Death

Martin Short speaks about the death of his daughter Katherine, who died by suicide in February at t…
Martin Short's Heartfelt Revelation Martin Short has spoken for the first time about the death of his daughter, Katherine Short, saying her death has been “a nightmare for the family”. Katherine died in February aged 42, at her home in the Hollywood Hills. The County of Los Angeles Medical Examiner’s office confirmed she died by suicide. The Pain of Loss Speaking on CBS News Sunday Morning, the 76-year-old comedian and actor compared his daughter’s death with that of his wife, Nancy Dolman, who died of ovarian cancer in 2010 aged 58. “The understanding [is] that mental health and cancer, like my wife’s, are both diseases, and sometimes with diseases they are terminal,” Short said. A Desire to Raise Awareness Short said he had a “deep desire” to take “mental health out of the shadows” so people wouldn’t be “ashamed” of talking about it. “Not hiding from the word suicide, but accepting that this can be the last stage of an illness,” he said. A Year of Loss Short also spoke of losing several close friends and family in the past year, including his sister-in-law, his daughter and his friends Diane Keaton, Rob and Michele Reiner and Catherine O’Hara. “It’s staggering,” he said, adding: “You just have to breathe in, breathe out.” Katherine's Legacy Katherine was the eldest of three children adopted by Short and Dolman. She largely kept out of the spotlight, though she sometimes attended events and walked red carpets with her father. She received a bachelor’s degree in psychology and gender sexuality studies from New York University in 2006, as well as a master’s in social work from the University of Southern California in 2010, and went on to work in private practice as a licensed clinical social worker. A New Documentary Short spoke to CBS ahead of a new Netflix documentary film about his life titled Marty, Life Is Short, which premieres 12 May. The documentary touches on Short’s many experiences with loss early in life: his older brother David was killed in a car accident when Short was 12, and both of his parents died when he was still a teenager. Resources In the US, you can call or text the 988 Suicide & Crisis Lifeline at 988 or chat at 988lifeline.org. In the UK and Ireland, Samaritans can be contacted on freephone 116 123, or email [email protected] or [email protected]. In Australia, the crisis support service Lifeline is 13 11 14. Other international helplines can be found at befrienders.org
#Martin Short #Katherine Short #Mental Health
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